NOT LISTED FOR SALE

5063 Edgewood Place Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,386,000 - $1,887,000

4 Beds
2 Baths
3,242 Sq Ft
$509/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $1,230,000 $379 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,986/month

10 Days on Market

Highlights

  • Rooftop Deck
  • Dual Staircase
  • Spanish Architecture
  • City Lights View
  • Wood Flooring
  • Granite Countertops

About This Home

As of December 2020

Classic details & sunlit spaces highlight this Spanish-style VACANT DUPLEX in thriving Mid-City. Set on a recently-landscaped lot, this 1920s property boasts many charming characteristics - original refinished hardwood floors, XL picture windows, coved ceilings, moldings, built-ins, & a decorative fireplace. UPDATES include recessed lighting, Central HVAC w/ Nest, dual pane windows, new paint, & a new sewerline. Both units are 2BR/1BA & feature large Bedrooms & walk-in closets. Lower unit boasts a recently updated Kitchen w/ stainless appliances, granite counters, & wood cabinetry. Includes a 2-car Garage, fenced yard & a Rooftop Patio for entertaining & relaxing. Close to some of LA's best foodie spots, Target, Starbucks, Sprouts, & the Metro Purple Line. If you're looking for a great investment opportunity or would like to live in one unit & rent the other, then this is your perfect chance. Tremendous upside income potential w/ an estimated annual cap rate of 5.1%!

Last Agent to Sell the Property

Simone Poingsett

Coldwell Banker Realty License #01894240 Listed on: 11/06/2020

Coldwell Banker Realty

Last Buyer's Agent

Alexis Hilton

Compass License #01924865

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,245

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 3,512 Sq Ft Lot
  • South Facing Home
  • Fenced Yard
  • Landscaped
  • Property is zoned LAR2

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,242 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Ceiling Fan
  • Recessed Lighting
  • Entryway
  • Living Room
  • Dining Room
  • City Lights Views

Kitchen

  • Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rooftop Deck
  • Open Patio

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5084-009-015

Community Details

Overview

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,245

Year Built

Built in 1926 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Classic details & sunlit spaces highlight this Spanish-style VACANT DUPLEX in thriving Mid-City. Set on a recently-landscaped lot, this 1920s property boasts many charming characteristics - original refinished hardwood floors, XL picture windows, coved ceilings, moldings, built-ins, & a decorative fireplace. UPDATES include recessed lighting, Central HVAC w/ Nest, dual pane windows, new paint, & a new sewerline. Both units are 2BR/1BA & feature large Bedrooms & walk-in closets. Lower unit boasts a recently updated Kitchen w/ stainless appliances, granite counters, & wood cabinetry. Includes a 2-car Garage, fenced yard & a Rooftop Patio for entertaining & relaxing. Close to some of LA's best foodie spots, Target, Starbucks, Sprouts, & the Metro Purple Line. If you're looking for a great investment opportunity or would like to live in one unit & rent the other, then this is your perfect chance. Tremendous upside income potential w/ an estimated annual cap rate of 5.1%!
  • Exclusions: Staging
  • Living Area: 3242
  • Lot Acreage: 0.0806
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Recessed Lighting, 2 Staircases
  • Flooring: Hardwood, Laminate, Vinyl
  • Appliances: Built-Ins, Microwave, Range
  • Bedrooms: 4
  • Bedroom Features: WalkInCloset
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Remodeled, Shower Over Tub
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Kitchen, Inside
  • Total Bathrooms: 2.00
  • Equipment: Gas Dryer Hookup, Range/Oven, Microwave, Ceiling Fan, Dishwasher
  • Price Per S Q F T: 385.26

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Patio: Roof Top Deck, Patio Open
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Ceiling Fan, Central
  • Heating: Central
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.03
  • Assessed Improvement Value: 203463
  • Assessed Land Percent: 69.97
  • Assessed Land Value: 474028
  • Total Assessed Value: 677491
  • Assessor Parcel Number: 5084-009-015
  • Lot Description: Curbs, Fenced Yard, Landscaped
  • Lot Location: City
  • Lot Size Area: 3512

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.26
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Nov 20, 2020
Sold by
Lee Raymond
Bought by
Kelley Christopher Sean and Kelley Noriko Jocelyn
Seller's Agent
Simone Poingsett
Coldwell Banker Realty
Buyer's Agent
Alexis Hilton
Compass
List Price
$1,249,000
Sold Price
$1,230,000
Premium/Discount to List
-$19,000
-1.52%
Current Estimated Value
$1,649,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,211
Avg. Annual Appreciation
6.19%
Original Mortgage
$861,000
Outstanding Balance
$763,008
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$886,203

Purchase Details

Closed on
Jan 11, 2012
Sold by
Neal Howard E
Bought by
Lee Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,800
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2000
Sold by
Camp Trust Gage Margaret Co Tr Cherie B and Buglio Darlene Lo
Bought by
Neal Howard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
8.26%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kelley Christopher Sean $1,230,000 North American Title
Lee Raymond $626,000 Provident Title Company
Neal Howard E $330,000 Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelley Christopher Sean $861,000
Previous Owner Lee Raymond $500,800
Previous Owner Neal Howard E $231,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2020 12/16/20 Sold $1,230,000 -1.5% $379 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $1,249,000 -- $385 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,245 $1,331,390 $865,945 $465,445
2024 $16,034 $1,305,285 $848,966 $456,319
2023 $15,727 $1,279,692 $832,320 $447,372
2022 $14,999 $1,254,600 $816,000 $438,600
2021 $14,803 $1,230,000 $800,000 $430,000
2020 $8,973 $718,956 $503,041 $215,915
2019 $8,622 $704,860 $493,178 $211,682
2018 $8,564 $691,040 $483,508 $207,532
2016 $8,167 $664,208 $464,734 $199,474
2015 $8,049 $654,232 $457,754 $196,478
2014 $8,084 $641,418 $448,788 $192,630
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Simone Poingsett

    Coldwell Banker Realty

    (408) 420-7730

    1 in this area

    32 Total Sales

    Simone Poingsett
    Section Image

  • A

    Buyer's Agent in 2020

    Alexis Hilton

    Compass

    (323) 868-5776

    2 in this area

    5 Total Sales

    Alexis Hilton
    Section Image
  • Benjamin Kahle

    Buyer Co-Listing Agent in 2020

    Benjamin Kahle

    Compass

    (310) 779-4578

    4 in this area

    188 Total Sales

    Benjamin Kahle
    Section Image
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Map

Source: The MLS

MLS Number: 20-652556

The MLS

APN: 5084-009-015

California Los Angeles County Los Angeles 90019 Miracle Mile

5063 Edgewood Place, Los Angeles, CA

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